5,027 Advanced Micro Devices, Inc. $AMD Shares Sold by Overbrook Management Corp

Key Points

• Overbrook Management cut its AMD stake by 20.4% in the third quarter, selling 5,027 shares and retaining 19,617 shares valued at approximately $12 million. Institutional investors still own 71.34% of AMD.
• AMD insiders sold 213,838 shares worth about $105.5 million over the past three months, including sizable sales by executives Forrest Norrod and Jean Hu under pre-arranged trading plans.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, while shares recently traded at $620.68 with a P/E ratio of 159.56. Analysts maintain a “Moderate Buy” consensus and an average price target of $585.26, reflecting strong AI-growth expectations but elevated valuation concerns.

Overbrook Management Corp decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,617 shares of the semiconductor manufacturer's stock after selling 5,027 shares during the quarter. Advanced Micro Devices makes up 1.9% of Overbrook Management Corp's portfolio, making the stock its 16th biggest holding. Overbrook Management Corp's holdings in Advanced Micro Devices were worth $12,001,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. First Citizens Financial Corp raised its stake in Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after acquiring an additional 16 shares during the period. Private Client Services LLC increased its stake in shares of Advanced Micro Devices by 1.7% in the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock worth $660,000 after purchasing an additional 18 shares in the last quarter. Box Hill Private Wealth LLC raised its position in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock valued at $486,000 after purchasing an additional 19 shares during the period. Baring Financial LLC raised its position in shares of Advanced Micro Devices by 4.5% during the 3rd quarter. Baring Financial LLC now owns 491 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 21 shares during the period. Finally, First National Bank of Hutchinson lifted its stake in shares of Advanced Micro Devices by 0.4% during the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock valued at $3,276,000 after buying an additional 22 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the completion of the transaction, the executive vice president directly owned 363,317 shares of the company's stock, valued at $182,766,616.85. This trade represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 in the last three months. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $25.18 during mid-day trading on Thursday, reaching $620.68. The stock had a trading volume of 23,402,461 shares, compared to its average volume of 32,602,393. The business's 50 day moving average price is $526.31 and its 200 day moving average price is $458.39. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The company has a market cap of $1.01 trillion, a P/E ratio of 159.56, a price-to-earnings-growth ratio of 6.73 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and issued a $650.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Wedbush reissued an "outperform" rating and set a $600.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Morgan Stanley boosted their price target on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Finally, Piper Sandler started coverage on Advanced Micro Devices in a research note on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $585.26.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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